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807-809 N Fuller Ave 11 Unit Apartment Building $2,300,000 ($209,091/Unit) Los Angeles, CA 90046
Executive Summary
807 N. Fuller Street presents a 11-unit boutique multifamily investment opportunity featuring distinctive 1920s Spanish/Mediterranean architecture with enduring curb appeal and historic character. The offering includes highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 6.62% cash-on-cash return and strong day-one leveraged cash flow. The property generates stable in-place income at a 11.93 GRM and 4.8% cap rate, equating to approximately $209,091 per unit and $575 per square foot.A free-standing structure at the rear of the property has historically been rented as a non-conforming unit. Seller has obtained preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.The asset offers the opportunity to unlock meaningful rental upside through strategic interior upgrades while preserving its architectural integrity. Favorable assumable financing enhances acquisition economics and mitigates financing risk in today's interest rate environment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $209,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 11.93 | Building Size | 3,994 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,300,000 |
| Price Per Unit | $209,091 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.93 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,994 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Hardwood Floors
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $1,407 | 360 |
| 1+1 | 1 | $1,995 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5526-006-003 | Improvements Assessment | $956,168 |
| Land Assessment | $1,434,254 | Total Assessment | $2,390,422 |
Property Taxes
Parcel Number
5526-006-003
Land Assessment
$1,434,254
Improvements Assessment
$956,168
Total Assessment
$2,390,422
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807-809 N Fuller Ave
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